6 a Downtown District Deannexation Plan
FIRST AMENDMENT TO THE
MERIDIAN REVITALIZATION PLAN
URBAN RENEWAL PROJECT
MERIDIAN URBAN RENEWAL AGENCY
(also known as the Meridian Development Corporation)
CITY OF MERIDIAN, IDAHO
Ordinance No. 02-987
Adopted December 3, 2002
Effective December ___, 2002, publication
First Amendment to the Plan
Ordinance No. _____
Adopted ________, 2020
Effective ___________, 2020, publication
FIRST AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL
PROJECT- 1
BACKGROUND
This First Amendment (“First Amendment”) to the Meridian Revitalization Plan Urban
Renewal Project (the “Plan”) deannexes certain parcels from the plan area/revenue allocation area
created by the Plan commonly referred to as the “Downtown District Project Area,” adopted by
Meridian City Council Ordinance No. 02-987, on December 3, 2002. The scope of this First
Amendment is limited to addressing the deannexation of certain parcels from the Downtown
District Project Area. It is important to note this First Amendment to the Plan does not extend the
Plan’s duration. The Plan terminates on December 31, 2026; however, revenue allocation proceeds
will be received in 2027 pursuant to Idaho Code § 50-2905(7).
As a result of the deannexation, in 2020 through the remaining years of the Plan, the Urban
Renewal Agency of the City of Meridian, Idaho, also known as the Meridian Development
Corporation (the “MDC”) will cease receiving an allocation of revenues from the deannexed
parcels. The increment value of the parcels deannexed from the Downtown District Project Area
shall be included in the net taxable value of the taxing district when calculating the subsequent
property tax levies pursuant to section 63-803, Idaho Code. The increment value shall also be
included in subsequent notification of taxable value for each taxing district pursuant to section 63-
1312, Idaho Code, and subsequent certification of actual and adjusted market values for each
school district pursuant to section 63-315, Idaho Code. The Ada County Assessor’s Office
maintains the value information, including the increment value, if any, included on the new
construction roll for new construction associated with the deannexed parcels. The amount added
to the new construction roll will equal the amount by which the December 31, 2019, increment
value exceeds the increment value as of December 31, 2006.
House Bill 606, effective July 1, 2016, amended the Local Economic Development Act,
Chapter 29, Title 50, Idaho Code, as amended (the “Act”) firmly establishing “\[f\]or plans adopted
or modified prior to July 1, 2016, and for subsequent modifications of those urban renewal plans,
the value of the base assessment roll of property within the revenue allocation area shall be
determined as if the modification had not occurred.” Idaho Code § 50-2903(4). Though the
provisions of Idaho Code § 50-2903A do not apply to the Plan, a plan amendment or modification
to accommodate a de-annexation in the revenue allocation boundary is a specifically identified
exception to a base reset. Idaho Code § 50-2903A(1)(a)(iii). This highlights the legislative support
for these types of amendments.
AMENDMENTS TO THE PLAN
1. Definitions. Capitalized terms not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Plan.
2. The following defined terms are amended throughout the Plan as follows:
(a) Delete “Project Area” and replace with “Amended Project Area” except
where specifically referenced in this First Amendment.
(b) Delete references to “Attachment 5” and replace with “Attachment 5, as
supplemented by Attachment 5A” except where specifically referenced in this First Amendment.
FIRST AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL
PROJECT- 2
3. Amendment to List of Attachments. The List of Attachments on page vi is amended
by deleting the list of attachments and replacing it as follows:
Attachment 1 Legal Description of the Project Area and Revenue
Allocation Area Boundaries
Attachment 1A Legal Description of the Boundary of the Deannexed Area
Attachment 2 Project Area-Revenue Allocation Area Boundary Map
Attachment 2A Boundary Map of the Deannexed Area
Attachment 3 Properties Which May be Acquired by the Agency
Attachment 4 Map Depicting Expected Land Uses and Current Zoning
Within the Amended Project Area
Attachment 5 Economic Feasibility Study, Meridian Urban Renewal Area
Attachment 5A Supplement to the Economic Feasibility Study: Financial
Analysis Related to the 2020 Deannexation
4. Amendment to Section 100 of the Plan. Section 100 is amended by deleting the list
of attachments and replacing it as follows:
Legal Description of the Project Area and Revenue Allocation Area Boundaries
(Attachment 1);
Legal Description of the Boundary of the Deannexed Area (Attachment
1A);
Project Area-Revenue Allocation Area Boundary Map (Attachment 2);
Boundary Map of the Deannexed Area (Attachment 2A);
Properties Which May be Acquired by the Agency (Attachment 3);
Map Depicting Expected Land Uses and Current Zoning Within the Amended
Project Area (Attachment 4);
Economic Feasibility Study, Meridian Urban Renewal Area (Attachment 5);
Supplement to the Economic Feasibility Study: Financial Analysis Related
to the 2020 Deannexation (Attachment 5A).
FIRST AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL
PROJECT- 3
5 Amendment to Section 102.1 of the Plan.
(a) Section 102.1 entitled “CONFORMANCE WITH STATE OF IDAHO URBAN
RENEWAL LAW OF 1965, AS AMENDED” is amended by adding new paragraphs to the end
of the existing language as follows:
This First Amendment to the Plan (the “First Amendment”)
deannexes certain parcels from the existing Project Area, resulting
in an “Amended Project Area” as further described and shown in
Attachments 1, 1A, 2 and 2A.
In accordance with the Law, this First Amendment was submitted to
the Planning and Zoning Commission of the City of Meridian. After
consideration of the First Amendment, the Commission filed a
Resolution dated ________ __, 2020, with the City Council stating
that the First Amendment is in conformity with the Comprehensive
Plan for the City of Meridian, adopted on December 17, 2019, by
Resolution No. 19-2179.
Pursuant to the Law, the City Council, having published due notice
thereof, held a public hearing on the First Amendment. Notice of
the hearing was duly published in a newspaper having general
circulation. The City Council adopted the First Amendment on
______, 2020, pursuant to Ordinance No. _____.
6. Amendment to Section 200 of the Plan.
(a) Section 200 entitled “DESCRIPTION OF PROJECT AREA” is deleted and
replaced as follows:
DESCRIPTION OF THE AMENDED PROJECT AREA
The boundaries of the Project Area and of the Revenue Allocation
Area are described in Attachment 1, which is attached hereto and
incorporated herein by reference, and are shown on the Project Area
and Revenue Allocation Area Boundary Map, attached hereto as
Attachment 2 and incorporated herein by reference. The Project
Area includes several parcels of property which are located outside
the geographical boundaries of the City but within the City’s impact
area. MDC has an existing agreement with Ada County related to
such parcels. The First Amendment has no impact on that
agreement.
Pursuant to the First Amendment, the boundaries of the deannexed
area is described in the Legal Description of the Boundary of the
Deannexed Area in Attachment 1A and are shown on the Boundary
Map of the Deannexed Area in Attachment 2A.
FIRST AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL
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The attachments referenced above are attached hereto and are
incorporated herein by reference.
7. Amendment to Section 302 of the Plan.
(a) Section 302 is amended by deleting the first sentence of the second paragraph and
replacing it as follows:
The Amended Project Area includes the area as described in
Section 200.
8. Amendment to Section 504 of the Plan.
(a) Section 504 is amended by adding a new sentence immediately following the end
of the first sentence of the first paragraph as follows: Revenue allocation financing authority for
the deannexed parcels pursuant to the First Amendment will be terminated effective January 1,
2020.
(b) Section 504 is amended by adding the following at the end of the fourth paragraph
as follows: No modifications to the analysis set forth in Attachment 5 have been made as a result
of the First Amendment. The estimated financial impact to MDC as a result of the deannexation
of certain underdeveloped parcels from the existing Project Area pursuant to the First Amendment
is set forth in Attachment 5A.
9. Amendment to Section 504.1 of the Plan.
(a) Section 504.1 is amended by adding a new sentence at the end of the paragraph as
follows: No modifications to the Study have been made as a result of this First Amendment;
however, Attachment 5A includes the estimated financial impact to MDC as a result of the
deannexation of certain underdeveloped parcels from the existing Project Area pursuant to the
First Amendment prepared by Kushlan | Associates and SMR Development, LLC.
10. Amendment to Section 504.3 of the Plan.
(a) Section 504.3 is amended by adding a new sentence at the end of the paragraph as
follows: The deannexation of parcels from the existing Project Area pursuant to the First
Amendment will not substantively change this analysis.
11. Amendment to Section 504.4 of the Plan.
(a) Section 504.4 is amended by adding a new sentence at the end of the second
paragraph as follows: The deannexation of parcels from the existing Project Area pursuant to the
First Amendment will reduce the amount of revenue generated by revenue allocation as set forth
in Attachment 5A.
(b) Section 504.4 is amended by adding a new sentence at the end of the third paragraph
as follows: Attachment 5A includes the estimated financial impact to MDC as a result of the
deannexation of certain underdeveloped parcels from the existing Project Area. Based on the
FIRST AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL
PROJECT- 5
findings set forth in Attachment 5A, the conclusion is the deannexation of certain parcels from the
existing Project Area does not materially reduce revenue allocation and the Project continues to
be feasible.
12. Amendment to Section 800 of the Plan.
(a) Section 800 is amended by adding a new sentence at the end of the first paragraph
as follows: The deannexation of parcels from the existing Project Area pursuant to the First
Amendment has no impact on the duration of this Plan.
13. Amendment to Plan to add new Attachment 1A. The Plan is amended to add new
Attachment 1A entitled “Legal Description of the Boundary of the Deannexed Area,” attached
hereto.
14. Amendment to Plan to add new Attachment 2A. The Plan is amended to add new
Attachment 2A entitled “Boundary Map of the Deannexed Area,” attached hereto.
15. Amendment to Plan to add new Attachment 5A. The Plan is amended to add new
Attachment 5A entitled “Supplement to the Economic Feasibility Study: Financial Analysis
Related to the 2020 Deannexation,” attached hereto.
16. Downtown District Plan Remains in Effect. Except as expressly modified in this
First Amendment, the Plan and the Attachments thereto remain in full force and effect.
FIRST AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL
PROJECT- 6
Attachment 1A
Legal Description of the Boundary of the Deannexed Area
Attachment 2A
Boundary Map of the Deannexed Area
Attachment 5A
Supplement to the Economic Feasibility Study:
Financial Analysis Related to the 2020 Deannexation
Ada County Owner 2019 2019 Total 2019
Tax Parcel of Base Tax Incremental Tax
Record Tax Obligation
Publicly Owned Tax Exempt Parcels
R5672000856 City Of Meridian $0 $0 $0
R5672000870 Meridian Free Library District $0 $0 $0
R7596000080 City Of Meridian $0 $0 $0
R7596000075 City Of Meridian $0 $0 $0
R7596000065 City Of Meridian $0 $0 $0
R7596000092 Meridian Development $0 $0 $0
Corporation
R7794650100 Second & Broadway $0 $0 $0
Condominium Owners
Association
R7794650200 COMPASS $0 $0 $0
R7794650300 Valley Regional Transit $0 $0 $0
R7794650400 Valley Regional Transit $0 $0 $0
R7794650500 COMPASS $0 $0 $0
$0 $0 $0
Total Publicly Owned
Privately Owned Taxable Parcels
S1107325600 $6,805.92 $9,325.84 $16,131.76
Oregon Short Line R R Co
S1107325700 $3,858.81 $1,934.81 $5,793.62
Oregon Short Line R R Co
R7596000545 $686.75 $784.96 $1,471.71
Oregon Short Line R R Co
R7596000545-A $0 $0 $0
Oregon Short Line R R Co
$11,351.48 $12,045.61 $23,397.09
Total Tax Obligation - Private
2019 Incremental Revenue loss to MDC as a result of De-annexation (Minimal De-annexation)
Source: Ada County Assessor Records
4851-4344-7734, v. 3